Minor 40.5K pullback is possible

21 Feb 2022

Morning guys,

Currently, markets across the board have got a minor injection of positivity as Putin/Biden meeting is planned for the 24th of February. We're undisposed to overestimate that potential result of this meeting, just because Biden never accept Russia's conditions. It becomes a political suicide for him and for the whole Democratic party. Accompanied with destructive inflation on the US - their political destiny will be doomed.

As a result, we do not see reasons by far to change our major scenario with 26K target. Until 24th, BTC and other markets could drift slightly higher, supposedly to re-test broken 40.5K former resistance area, but results of the meeting hardly become relaxing and BTC again could turn down.